After periods of upheaval, there is often a period of reshuffling.

David Bonser, co-head of Hogan Lovells' corporate and finance practice in the Americas, has been focused on the REIT space since the early 1980s. He thinks there will be more merger-and-acquisition activity and market consolidation in the REIT space coming out of the pandemic.

"I've been in this space for almost 30 years now," Bonser says. "You always think there's going to be increased activity, and then it often never pans out. But I do think you're going to see increased activity over the next 12 months."

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Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.